An insurance agent is trying to sell you an annuity that costs $100,000 today.....? - annuity cost
... with the purchase of the annuity promises to the agent that you will receive payments of $ 384.40 per month for the next 40 years. What is the annual return on this investment?
Annuity Cost An Insurance Agent Is Trying To Sell You An Annuity That Costs $100,000 Today.....?
2 comments:
It seems that this is a SPIA (single premium annuity). It is important to know whether this is your life expectancy or 40-years-based guarantee. This can also be a deferred income ": income Rider" It's hard to say without further information.
Request a sales figure. It tells you the interest rate is assumed. You have the right to review the rent contract for the purchase for 10-30 days, depending on their condition. In the meantime, you can get your money if you do not like the contract.
It is always advisable to ensure a guaranteed income for pensions, to ensure that you get the highest return on investment. Also, make sure that the payments over a period of several years too conservative.
Post a Comment